Why Business Owners Should Hire Remote Accountants for Accounting Operations

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(No Transcript)
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Preface 
Analogous to several other industry verticals,
accounts and finance as well as remote
accounting has been a trend even before the
COVID-19 pandemic. The pandemic indeed fueled the
popularity of this trend. Businesses that used to
be skeptical about remote working models and
their integrity have also realized the real worth
of remote staffing and remote working. 
What does it mean to hire a remote team? 
Do not get confused between a remote working team
and hiring an expert team of remote
accountants.  If you have an on-premises team
that works remotely from their preferred location
by abiding by your company rules such as working
hours, timing, etc., then that is your remote
working team. 
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What are the top reasons to hire remote staff? 
There are multiple reasons and definite advantages
to hiring remote accountants from a reliable
offshore accounting company. The list is quite
long, but for you, I have jotted down the top 13
benefits of adopting the virtual working model. 

1. Access to the pool of talent
2. Reduced recruitment cycle and hassle
3. No investment in training the team
4. No investment in accounting tools and
   infrastructure
5.  Round-the-clock services
6. Jacked up productivity
7. Reduced stress level
8. No concern about absenteeism

9. Better preparation for disaster
management 10. Lower expenses 11. Increased focus
on core business 12. Improved work-life
balance 13. Happier clients and staff 14.
Enhanced business positioning 15. Contribute to a
green environment
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Access to the pool of talent
According to IWG, annually the USA, China, and
India will add 4.5 trillion, 1.4 trillion, and
376 million respectively. This will be caused
because of the decentralization of opportunities.
The employees get better overseas opportunities
to work, and they have already cultivated the
skills to work in a remote environment for global
customers.  Thus, when a business like yours
looks for remote recruits to handle their
finances, they have access to a wider talent
pool. They dont need to restrict themselves to
the inadequate or restricted talent available in
the local communities or geographies. 
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Reduced recruitment cycle and hassle
According to Talent LMS, remote working and
hiring models reduce the total recruitment cost
by 160. Isnt it a huge number? You dont need
to hire recruitment agencies or go through an
intimidating cycle of screening, interviewing,
and hiring the right talent to handle your
business finances. Rather, you can hire the best
and certified CPAs, CFOs, bookkeepers,
accountants, and other financial professionals
within a few hours spent discussing your business
needs and then shortlisting your team. The
accounting company that has been offering a
remote accounting team hiring model has already
built a team of reliable and expert accounting
professionals. The main advantage of the virtual
staffing model is you can change your team
members if you dont feel uncomfortable after
hiring them, which is quite difficult due to
labor laws in many countries. 
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No investment in training the team
When you hire a remote accountant from a company,
he or she will be well trained in all jobs like
bookkeeping, budgeting, and forecasting, cash
flow management, working capital management, tax
return preparation and filling, payroll
management, reconciliation, audit, and everything
related to business finance management. These
experts are also well-trained to adapt to the
policies and working environment of clients. They
will use your software such as Xero or Quickbooks
and your working environment to perform their job
to deliver productive work within your
environment. All this will help in saving huge on
training in terms of money, effort, and time.
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No investment in accounting tools and
infrastructure
When you decide to hire remote staff, the most
recommended option is hiring from a financial
management company offering augmented staffing
services for accounting and CPA firms and other
businesses. These businesses will not only have
teams with the expertise to work with any
software to manage accountancy jobs, but they
will also have a well-established infrastructure.
They usually use the best tools to provide
accurate services. Thus, if you are looking for
small business services or if you have not set up
the whole infrastructure for your finance
department, fret not. You will get access to the
best tools and the latest technology without
investing anything in addition to that.
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Round-the-clock services
Even if businesses are finding virtual staffing
models more reliable, some business owners take a
back step due to time zone differences. The best
news about this is it will work for you
and benefit you. When you hire remote
accountants from the right company, the first
thing to rest assured about is that they will be
very responsive and responsible. This team always
stays available to attend scheduled calls to
discuss your goals, requirements, demands, and
needs, or simply to understand the report they
sent to you. You can even take advantage of the
different time zones. You can get things done
when you are sleeping. Simply assign the task and
your experts will send you an update before your
breakfast time. Isnt it the most productive way
of doing business? Simply, keep your businesses
functioning and accounts in place even if you are
not with this beneficial team extension model. 
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Jacked up productivity
Time and again, it is proven that when you hire
virtual experts, you can double productivity.
Your team and you will not need to look at the
chores as the specialists are doing the vital
job. To keep you content, they will keep on
augmenting your productivity. Moreover, not
commuting and managing the stress of reaching the
office to work, hiring a remote team will deliver
more productive hours. Besides that, you and your
team can concentrate on other productive jobs.
This, indeed, creates a win-win situation to
improve productivity. 
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Reduced stress level
Even at the best of times, financial management
jobs get frantic due to so many disseminated
sources of data, complicated processes, intricate
implications of law and standards, and more.
During busy peak seasons, anxiety and stress
level increases due to mounting work pressure and
a long list of deliverables. Of course, you
cannot ignore the daily jobs to be done along
with tax preparation or financial report
creation. All this can lead to serious concerns.
However, when you hire an extended team of
accountants, there is nothing to worry about as
it is their stress. All you focus on is
deliverables. They will manage to deliver
reports, audit support, reconciliation, tax
returns, and more exactly as per the deadlines.
So, nothing to worry about and be stressed about! 
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No concern about absenteeism
Calling sick is normal in an in-house setup. But,
when you hire a remote accountant, calling sick
is not a huge concern. If you have hired a team
of professionals, one of the experts will take
care of the work of the person calling in sick.
If you have hired just a single resource, then
the company that has provided you with the
extended staffing option will make the required
arrangements to get your work done or compensate
you for those missed hours. One interesting
statistical result shared by Indeed states that
more than 52 of employees dont take off while
working from home or remotely. 
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Better preparation for disaster management
Being prepared for a disaster has become vital
for businesses by keeping uncertain scenarios
caused due to pandemics, wars, economic crises,
etc. You can have a better and more reliable risk
mitigation plan to continue leveraging the
advantages of uninterruptible working with a
remote team. Even if there is an unforeseen
disaster like an earthquake or flood, your work
will not stop.
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Lower expenses
The upfront expenses are eliminated from the
recruitment process. Moreover, you save on hiring
contracts, printing agreements, and providing
workstations, beverages, and other facilities to
work productively. This would save you somewhere
around 15 to 35. Moreover, you dont need to
put a manager or yourself in managing the remote
accounting expert that you have hired. The
company will have a team of managers that will
manage the accounting resources for
you.  According to Indeed statistics, businesses
that adopt virtual working environments can
reduce their expenses by 50. There are so many
tools that would be eased out on your balance
sheet to increase your cash flow and profit with
this new-age working model. 
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Increased focus on core business
Accounting is a vital job for any business, but
often the core focus of a company is different.
Even if a business owner runs a CPA firm, he must
want to focus on expanding the business,
nurturing client relationships, and handling
other aspects to grow at a rapid rate. By hiring
a remote team of finance experts, a business
owner can put his or her complete focus on core
strengths to achieve more business goals. 
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Improved work-life balance
When stress goes out, happiness enters. With the
remote hiring models to complete your accountancy
and finance job, you can enjoy working more
productive hours in a stress-free environment.
You will not need to invest time in managing
these jobs or work extra hours to handle busy
seasons. This will add up to the quality of life
and quality of work. 
Happier clients and staff
Even though it may sound simple, keeping
recordkeeping, bookkeeping, balance sheets, tax
planning, and other financial aspects of a
business is a tedious and intricate job.
By hiring an expert team of remote accountants, a
business owner can alleviate work pressure from
existing team members. This can indeed keep them
feeling content and valued to get external
support to do the day-to-day jobs. On the other
hand, on-time delivery of jobs, accurate and
efficient services, and excellent customer care
can help a CPA firm to keep clients happier, too.
This is achievable with a skilled remote team of
experts handling accounts and finances. 
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Enhanced business positioning
Transparent and solid financial data often
attracts more stockholders, investors, and
creditors. Even if you dont expect any funds for
your business, it can help impress your existing
and future clients. With up-to-date and precise
financial reports, you can position your business
as one of the leading players in your niche. 
Contribute to a green environment
The virtual team of accountants will eliminate
the need to print documents, agreements, balance
sheets, etc. Every job will be done on the cloud
and online. Moreover, the virtual working
environment also contributes to reducing carbon
footprints. As we all know about the severe
consequences of the green effect, with the
adoption of an augmented staffing model, business
owners can do their bit to save the environment.
This will be your contribution towards a green
environment. 
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Conclusion 
In a nutshell, hiring remote staff for your
business accounts or clients financial needs
will bring radical changes to your business, as
well as your industry and environment. For
decades, several businesses have been taking
advantage of this model of working. The pandemic
created a tidal wave in the adoption of this
working model. 
Get in touch with us to discuss how you can
leverage a plethora of advantages by hiring
accounting professionals from team CapActix. To
initiate this discussion, please contact us via
our email biz_at_capactix.com or you can also call
us directly at 1 201-778-0509. 
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Thank You
biz_at_capactix.com
www.capactix.com
1 201-778-0509